The Organisation for Economic Co-operation and Development (OECD) has revised India’s growth projections downward for the coming years, citing economic uncertainty and global challenges. While the country is expected to maintain its position as the fastest-growing major economy, the latest estimates reflect a more cautious outlook compared to previous forecasts. India’s Growth Outlook Revised Downward …
The Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, has implemented significant measures to simplify and expedite the claim settlement process. These steps aim to enhance the efficiency of service delivery, reduce the time taken for claim processing, and minimise the need for physical intervention, ultimately benefiting millions of EPFO members …
India’s net direct tax collections have demonstrated robust growth, reaching ₹21.26 lakh crore by March 15, marking a 13.13% increase compared to the previous year. This surge is largely driven by strong advance tax collections, which have totalled ₹10.44 lakh crore, as per news reports. Advance Tax Contributions According to official data released on Monday, …
Mumbai, Mar 17 (PTI) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday asked banks to avoid calling customers repeatedly for “know your customer” (KYC) documents. Speaking at the annual conference of RBI Ombudsmen here, Malhotra made it clear that submitting the documents to an entity overseen by any financial regulator makes it possible …
Chandigarh, Mar 17 (PTI) An Urban Drainage Fund with Rs 100 crore corpus will be set up to improve drainage infrastructure in all cities of Haryana, said Chief Minister Nayab Singh Saini while presenting his government’s Budget for the 2025-26 fiscal on Monday. This dedicated fund will launch projects to ensure sustainable flood management and …
Banking services in India will be disrupted on March 24 and March 25 due to a nationwide two-day strike called by the United Forum of Bank Unions (UFBU). This means that all private and public sector banks will be closed for 2 days. The strike is in response to several demands, including improved recruitment across …
India has made significant achievements in its journey toward ensuring clean energy access and promoting sustainable cooking solutions for its citizens. A key milestone in this endeavour was the introduction of the Public Distribution System (PDS) Kerosene pricing and various initiatives aimed at reducing reliance on kerosene while enhancing access to cleaner alternatives. Kerosene Pricing …
India has achieved a significant milestone in its coal production, reaching the highest-ever output in the financial year 2023-24. According to the Union Minister of Coal and Mines Shri G. Kishan Reddy, the country’s domestic coal production for the year stood at 997.826 million tonnes (MT), marking an impressive growth of 11.71% compared to 893.191 …
India’s goods trade deficit fell to a 30-month low of $14.05 billion in February 2025, a sharp decline from $22.9 billion in January, according to data from the Commerce Ministry. The narrowing trade gap was primarily driven by a steep fall in imports, marking a significant reduction from $19.51 billion in February 2024. Imports and …
The gap between credit and deposit growth in India’s banking sector is expected to shrink significantly to 80 basis points (bps) in FY26, down from an average of 386 bps recorded between FY22 and Q3FY25, according to India Ratings. Loan Deposit Ratio (LDR) to Moderate The incremental Loan Deposit Ratio (LDR) of banks is expected …
